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Exam 2: Identifying Competitive Advantages

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Question 51

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Which of the following is not considered a category within the primary value activities in a value chain analysis?

A) Inbound logistics.
B) Firm infrastructure.
C) Operations.
D) Service.

E) A) and C)
F) B) and C)

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Question 52

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Demonstrate how a company can add value by using Porter's value chain analysis.

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To identify competitive advantages,Micha...

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Question 53

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When buyer power is low,supplier power is typically ______.

Rivalry among existing competitors is __________ when competition is fierce in a market and low when competitors are more complacent.

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is a __________.

According to Porter's three generic strategies for entering a market,if you have a focused strategy what market should you target?

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

With the Five Forces Model,companies should watch the forces in the market.If the forces are strong,competition generally increases,and if the forces are weak,competition typically decreases.

All of the following are common tools used in industry to analyze and develop competitive advantages,except:

Which of the following represents a typical supply chain?

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces Model.Which of the following represents supplier power in the soft drink industry?

What includes support-value activities and primary-value activities and is used to determine how to create the greatest possible value for customers?

Shawn McGill is on the executive board for ABC Pharmaceuticals.The company produces the number-one-selling cancer-fighting drug on the market.Due to its incredible success,ABC pharmaceuticals has decided to increase the cost of the drug from $8 a pill to $15 a pill.Which force is ABC Pharmaceuticals using to increase its drug price?

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces Model.Which of the following represents a threat of a new entrant in the soft drink industry?

What are the two main categories in a value chain analysis?

Greg Provenzo owns and runs a Blockbuster video store.Greg is implementing a drive-thru rental process that is the same as you would find at a fast-food restaurant.Customers can pick up and drop off their videos without leaving their cars.Greg's new system has become so popular that Videos Plus,a competitor down the street,is attempting to re-create Greg's video drive-thru rental process.Greg's system is an example of a _________.

Mark Peterson identified the Five Forces Model,which analyzes the competitive forces within a business environment.

Tiffany & Company competes in the marketplace by offering high-cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

When evaluating the value chain,which of the following is included in the support value activities?

___________ value activities are found along the top of the value chain and include business processes,such as firm infrastructure,human resource management,technology development,and procurement,that support the primary value activities.